In a recent market research report by Global Market Insights, the electronic digital sign market was forecast to increase 5.2% by 2023. This would project the market as a $23 billion industry. Contributing to the growth trend is the reduced cost and innovation in display panel production, implementation of flip chip technology, as well as the growing demand for LED lighting, estimated at 6% growth over the next 6 years, which significantly reduces energy costs and promotes sustainable manufacturing.
The report also cited the retail sector (a 40% share) and the healthcare sector, with its technology implementation needs, as expansion markets for the digital signs. The report further points out the attractiveness of cloud computing for data and content collection and how content management and solution providers will continue to play significant roles of the growing digital signage markets. The report is available at https://www.gminsights.com/industry-analysis/digital-signage-market.